What is a decentralized money market and how does it work?
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers. The seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an …
Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea
Minting a nonfungible token of artwork seems a no-brainer for an artist: Cointelegraph spoke to those that took the plunge. “Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way …
Bitcoin price: weekend volatility ‘expected’ with $22K level to hold
BTC/USD could hit $30,000 if the current daily trend of higher highs and lows continues, one trader says as the market avoids weekend losses. Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge …
Ethereum price rises by 50% against Bitcoin in one month — but there’s a catch
The rise in the ETH/BTC pair is painting a bearish technical pattern, hinting at a potential correction. Ether (ETH), Ethereum’s native toke, has been continuing its uptrend against Bitcoin (BTC) as euphoria around its upcoming network upgrade, “the Merge,” grows. …
What will cryptocurrency market look like in 2027? Here are 5 predictions
One year isn’t enough time to witness many fundamental changes, but five years is just enough for everything to change. The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What …
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator. Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the …
Crypto Biz: Gucci ‘apes’ into crypto
The iconic luxury brand is now letting holders of ApeCoin purchase its products through Bitpay. Meanwhile, Michael Saylor has a new job. What comes to mind when you think of Gucci? Designer handbags, fashion jewelry, elegant Swiss watches? What about …
Voyager plans to resume cash withdrawals on Aug. 11
The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5–10 business days. Crypto lender Voyager Digital Holdings has reported users may be able to …
Finance Redefined: Solana and Nomad bridge fall prey to exploits losing millions
The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a …
2 metrics signal the $1.1T crypto market cap resistance will hold
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether’s premium in Asia and futures markets activity show buyers lacking confidence. Cryptocurrencies have failed to break the $1.1 trillion market capitalization resistance, which has …